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eToro Launches New Features For Forex Investment
Published On: Feb 15, 2009
eToro, the platform that has taken the online forex trading world by storm, now releases a new version of its ground breaking software making investing in forex simpler and more convenient than ever.
After recently surpassing all other online forex providers as the number one forex site online, eToro releases yet another version of its popular and unique forex software. This time, with more and more investors turning to forex as financial markets around the world continue to struggle, the eToro team has equipped the platform with tools for the forex investor on the go.
Up until now eToro have chosen to turn to the forex day traders, as their main user contingency. However, with the global financial crisis still in full swing, eToro have decided to add features to accommodate a growing crowd of forex investors who rightfully look to the forex market as the safest place to invest their money. In times when even banks can no longer be considered as safe keepers of capital, eToro has made a commendable effort to offer investors a comfortable option of placing that capital in the relative value of currency.
The first feature offered to forex investors is the addition of lower leverages to eToro’s wide range of leverage options. The new leverages range as low as 1:1, enabling investors to open unleveraged trades and therefore greatly minimizing their risk of market exposure. This means that forex investors can simply purchase currencies without paying the banks’ outrageous commissions and wide spreads. eToro enables users to take advantage of lower interest rates and can leave their positions open for weeks and months with lower carry costs. This of course enables much longer term investments which appeal to the forex investor crowds as well as the day traders.
Another new feature that will be helpful for the novice investors and traders out there is the option of opening micro-lot positions with a minimum investment margin of just $2.5. The new low trading amount leaves new traders a lot more room to practice and learn forex before investing in larger sums. It also allows first time account openers to practice much better money management techniques even with eToro’s minimum account deposit of $50. So for those investors still unsure if forex is the way to go, this is a perfect opportunity to get a hang of the business before making any serious investment.
As usual, eToro’s new trading conditions are accompanied by innovative software. This time the technological innovation comes in the shape of the eToro WebTrader - the perfect solution for forex investors who would like to monitor and regulate their investment without downloading the platform every time they find themselves at a new computer. The eToro WebTrader is comprised of the eToro expert mode, available also in the full downloadable platform version, which is a comprehensive and user friendly forex trading interface, combining a large array of advanced forex trading features with superb usability. The WebTrader also includes all of eToro’s forex analysis tools in a separate interactive screen, ready to be arranged and rearranged according to user preference.
It is clear that by adding this array of new software and trading features, eToro has made a considerable leap in its vision as a forex provider. The new eToro version offers a real opportunity for investors to discover the forex market as a legitimate refuge in these troubled times.